Scorpio Looking to Buy Giant Triple-E Container Ships

Costas Paris was first to report that Scorpio Group, one of the world’s biggest tanker and bulk operators, is in talks with South Korean shipbuilder Samsung Heavy Industries Co. to build around five giant Triple-E container vessels. The Triple-E is the biggest container ship in the world.

The story as it appeared on Dow Jones:
July 11, 2014, 5:25 AM EDT: Scorpio Looking to Buy Giant Triple-E Container Ships – Sources

LONDON–Scorpio Group, one of the world’s biggest tanker and bulk operators, is in early talks with South Korean shipbuilder Samsung Heavy Industries Co. to build around five, giant Triple-E container vessels, two people familiar with the matter said.

The move suggests the Monaco-based shipping giant is looking to diversify from its core tanker and bulk operations to container vessels.

Scorpio “foresee a growing demand for these kind of ships,” and expects to charter them on a long-term basis to a big European operator, one of the people said.

The Triple-E is the biggest container ship in the world, costing around $160 million each.

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